NASDAQ : IRIX
IRIDEX Corporation — Financial statements
Healthcare · Medical Devices · United States
Last price 0.7119 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 12.50M
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Financial statements
IRIDEX Corporation (IRIX) reported revenue of 51.57M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 51.57M | 52.67M | 48.67M | 51.87M | 56.97M | 53.90M |
| Cost of Revenue | 33.05M | 33.45M | 29.17M | 30.06M | 31.60M | 31.07M |
| Gross Profit | 18.53M | 19.23M | 19.50M | 21.81M | 25.37M | 22.83M |
| Selling, General & Admin | 17.54M | 18.13M | 22.36M | 24.98M | 25.73M | 23.50M |
| Research & Development | 3.76M | 3.67M | 5.45M | 6.83M | 7.17M | 6.87M |
| Operating Expenses | 21.31M | 21.80M | 27.80M | 31.81M | 32.91M | 30.36M |
| Operating Income | -2.78M | -2.57M | -8.30M | -10.01M | -7.54M | -7.53M |
| Other Non Operating Income (Expenses) | -616.00K | -1.81M | -540.00K | 527.00K | 60.00K | -152.00K |
| EBT Excluding Unusual Items | -3.40M | -4.38M | -8.84M | -9.48M | -7.48M | -7.68M |
| Other Unusual Items | 2.50M | |||||
| Pretax Income | -3.40M | -4.38M | -8.84M | -9.48M | -7.48M | -5.18M |
| Income Tax Expense | 152.00K | 57.00K | 68.00K | 90.00K | 65.00K | 40.00K |
| Net Income | -3.55M | -4.44M | -8.91M | -9.57M | -7.55M | -5.22M |
| Net Income to Common | -3.55M | -4.44M | -8.91M | -9.57M | -7.55M | -5.22M |
| Shares Outstanding (Basic) | 17.24M | 16.93M | 16.44M | 16.13M | 15.94M | 15.42M |
| Shares Outstanding (Diluted) | 17.24M | 16.93M | 16.44M | 16.13M | 15.94M | 15.42M |
| EPS (Basic) | -0.21 | -0.26 | -0.54 | -0.59 | -0.47 | -0.34 |
| EPS (Diluted) | -0.21 | -0.26 | -0.54 | -0.59 | -0.47 | -0.34 |
| Free Cash Flow | -2.00M | -2.26M | -7.30M | -6.85M | -9.80M | 8.00M |
| Free Cash Flow Per Share | -0.12 | -0.13 | -0.44 | -0.42 | -0.61 | 0.52 |
| Gross Margin | 35.92% | 36.50% | 40.07% | 42.04% | 44.53% | 42.36% |
| Operating Margin | -5.39% | -4.88% | -17.06% | -19.29% | -13.24% | -13.98% |
| Profit Margin | -6.88% | -8.42% | -18.31% | -18.45% | -13.25% | -9.69% |
| Free Cash Flow Margin | -3.88% | -4.29% | -14.99% | -13.21% | -17.21% | 14.85% |
| EBITDA | -2.60M | -2.32M | -7.99M | -9.18M | -7.22M | -6.73M |
| EBITDA Margin | -5.05% | -4.40% | -16.41% | -17.70% | -12.68% | -12.48% |
| D&A For EBITDA | 175.00K | 251.00K | 314.00K | 828.00K | 320.00K | 803.00K |
| EBIT | -2.78M | -2.57M | -8.30M | -10.01M | -7.54M | -7.53M |
| EBIT Margin | -5.39% | -4.88% | -17.06% | -19.29% | -13.24% | -13.98% |
| Advertising Expenses | 17.00K | 20.00K | 200.00K | 400.00K | 200.00K |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.68M | 6.03M | 2.39M | 7.03M | 13.92M | 23.85M |
| Cash & Short-Term Investments | 4.68M | 6.03M | 2.39M | 7.03M | 13.92M | 23.85M |
| Receivables | 7.09M | 9.54M | 8.39M | 9.65M | 9.77M | 9.72M |
| Inventory | 9.75M | 7.88M | 10.82M | 9.91M | 10.61M | 7.61M |
| Prepaid Expenses | 2.44M | 1.80M | 1.96M | 856.00K | 1.47M | 1.07M |
| Total Current Assets | 23.96M | 25.25M | 23.56M | 27.45M | 35.77M | 42.25M |
| Property, Plant & Equipment | 402.00K | 826.00K | 1.91M | 2.98M | 2.13M | 2.99M |
| Goodwill | 965.00K | 965.00K | 965.00K | 965.00K | 965.00K | 965.00K |
| Other Intangible Assets | 825.00K | 984.00K | 1.31M | 1.64M | 1.98M | 2.21M |
| Other Long-Term Assets | 1.11M | 1.12M | 1.39M | 1.40M | 1.46M | 271.00K |
| Total Assets | 27.26M | 29.15M | 29.14M | 34.44M | 42.29M | 48.69M |
| Accounts Payable | 6.81M | 5.50M | 7.59M | 4.73M | 3.87M | 3.40M |
| Accrued Expenses | 2.39M | 2.92M | 2.00M | 3.52M | 3.93M | 4.69M |
| Current Portion of Long-Term Debt | 1.73M | |||||
| Current Portion of Leases | 141.00K | 699.00K | 1.09M | 995.00K | 1.04M | 927.00K |
| Current Income Taxes Payable | 31.00K | 150.00K | 100.00K | 65.00K | 73.00K | |
| Current Unearned Revenue | 2.15M | 2.16M | 2.18M | 2.40M | 2.41M | 2.35M |
| Other Current Liabilities | 1.68M | 1.90M | 1.81M | 1.23M | 1.14M | 1.20M |
| Total Current Liabilities | 13.17M | 13.21M | 16.56M | 12.97M | 12.45M | 12.65M |
| Long-Term Debt | 3.79M | 3.73M | 1.00M | |||
| Long-Term Leases | 77.00K | 98.00K | 811.00K | 1.75M | 732.00K | 1.73M |
| Long-Term Unearned Revenue | 6.08M | 6.80M | 8.35M | 10.03M | 11.74M | 10.93M |
| Other Long-Term Liabilities | 496.00K | 387.00K | 314.00K | 164.00K | 132.00K | 83.00K |
| Total Liabilities | 23.62M | 24.23M | 27.04M | 24.91M | 25.06M | 25.39M |
| Common Stock | 174.00K | 174.00K | 174.00K | 172.00K | 169.00K | 168.00K |
| Additional Paid-In Capital | 91.71M | 91.21M | 89.88M | 88.44M | 86.80M | 85.25M |
| Retained Earnings | -94.24M | -92.45M | -88.01M | -79.04M | -69.72M | -62.17M |
| Comprehensive Income & Other | -11.00K | -14.00K | 51.00K | -52.00K | -24.00K | 45.00K |
| Total Common Equity | -2.36M | -1.08M | 2.10M | 9.52M | 17.23M | 23.30M |
| Shareholders' Equity | 3.64M | 4.92M | 2.10M | 9.52M | 17.23M | 23.30M |
| Total Liabilities & Equity | 27.26M | 29.15M | 29.14M | 34.44M | 42.29M | 48.69M |
| Total Debt | 4.01M | 4.53M | 4.64M | 2.75M | 1.77M | 2.66M |
| Net Cash (Debt) | 667.00K | 1.50M | -2.26M | 4.29M | 12.15M | 21.20M |
| Net Cash Per Share | 0.04 | 0.09 | -0.14 | 0.27 | 0.76 | 1.37 |
| Filing Date Shares Outstanding | 17.56M | 17.31M | 16.79M | 16.25M | 16.01M | 15.88M |
| Total Common Shares Outstanding | 17.45M | 17.31M | 16.64M | 16.25M | 15.99M | 15.88M |
| Working Capital | 10.79M | 12.04M | 7.00M | 14.48M | 23.31M | 29.61M |
| Book Value Per Share | -0.14 | -0.06 | 0.13 | 0.59 | 1.08 | 1.47 |
| Tangible Book Value | -4.15M | -3.03M | -175.00K | 6.92M | 14.29M | 20.13M |
| Tangible Book Value Per Share | -0.24 | -0.17 | -0.01 | 0.43 | 0.89 | 1.27 |
| Machinery | 11.75M | 11.60M | 11.60M | 11.53M | 11.36M | |
| Leasehold Improvements | 2.49M | 2.49M | 2.49M | 2.49M | 2.45M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.55M | -4.44M | -8.91M | -9.57M | -7.55M | -5.22M |
| Depreciation & Amortization | 1.25M | 1.27M | 1.15M | 1.76M | 1.22M | 1.71M |
| Other Amortization | 392.00K | 499.00K | 598.00K | 270.00K | 165.00K | |
| Loss (Gain) From Sale of Assets | 3.00K | |||||
| Stock-Based Compensation | 728.00K | 775.00K | 1.24M | 1.65M | 1.62M | 1.63M |
| Provision & Write-off of Bad Debts | 187.00K | 37.00K | ||||
| Other Operating Activities | 823.00K | 2.16M | -2.50M | |||
| Change in Accounts Receivable | 1.46M | -1.66M | 776.00K | -254.00K | 196.00K | 639.00K |
| Change in Inventory | -2.14M | 2.12M | -911.00K | 644.00K | -3.02M | 268.00K |
| Change in Accounts Payable | 1.34M | -1.95M | 2.49M | 641.00K | 1.09M | 1.62M |
| Change in Unearned Revenue | -1.63M | -1.56M | -1.90M | -1.72M | 868.00K | 12.06M |
| Change in Other Net Operating Assets | -403.00K | 679.00K | -1.82M | -165.00K | -4.29M | -2.03M |
| Operating Cash Flow | -1.73M | -2.12M | -7.29M | -6.75M | -9.52M | 8.22M |
| Capital Expenditures | -270.00K | -143.00K | -13.00K | -109.00K | -286.00K | -213.00K |
| Cash Acquisitions | -5.34M | |||||
| Investing Cash Flow | -270.00K | -143.00K | -13.00K | -109.00K | -286.00K | -5.56M |
| Long-Term Debt Issued | 4.00M | 3.37M | ||||
| Long-Term Debt Repaid | -3.96M | -218.00K | ||||
| Net Debt Issued (Repaid) | 39.00K | 3.15M | ||||
| Issuance of Common Stock | 4.00K | 82.00K | 21.00K | 10.10M | ||
| Repurchase of Common Stock | -100.00K | -75.00K | -58.00K | -87.00K | -94.00K | -629.00K |
| Other Financing Activities | -493.00K | |||||
| Financing Cash Flow | -100.00K | 5.96M | 2.60M | -5.00K | -73.00K | 9.47M |
| Foreign Exchange Rate Adjustments | 2.00K | -65.00K | 46.00K | -29.00K | -52.00K | 99.00K |
| Net Cash Flow | -2.10M | 3.64M | -4.65M | -6.89M | -9.93M | 12.23M |
| Free Cash Flow | -2.00M | -2.26M | -7.30M | -6.85M | -9.80M | 8.00M |
| Free Cash Flow Margin | -3.88% | -4.29% | -14.99% | -13.21% | -17.21% | 14.85% |
| Free Cash Flow Per Share | -0.12 | -0.13 | -0.44 | -0.42 | -0.61 | 0.52 |
| Levered Free Cash Flow | 1.64M | 1.53M | -1.21M | -690.38K | -5.74M | -557.12K |
| Unlevered Free Cash Flow | 1.52M | 1.30M | -1.54M | -690.38K | -5.74M | -557.12K |
| Cash Income Tax Paid | -22.00K | 15.00K | 53.00K | 73.00K | 15.00K | |
| Change in Working Capital | -1.38M | -2.38M | -1.37M | -857.00K | -5.16M | 12.56M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.67M | 20.11M | 27.78M | 45.66M | 32.14M | 96.94M |
| Enterprise Value | 12.01M | 25.32M | 28.83M | 40.57M | 18.26M | 74.26M |
| Last Close Price | 0.71 | 1.17 | 1.67 | 2.81 | 2.01 | 6.11 |
| Forward PE | 56.88 | 56.88 | 56.88 | 56.88 | 56.88 | |
| PS Ratio | 0.25 | 0.38 | 0.57 | 0.88 | 0.56 | 1.80 |
| PB Ratio | 3.50 | 4.09 | 13.25 | 4.79 | 1.86 | 4.16 |
| P/TBV Ratio | 6.60 | 2.25 | 4.82 | |||
| P/FCF Ratio | 12.11 | |||||
| P/OCF Ratio | 11.80 | |||||
| PEG Ratio | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | |
| EV/Sales Ratio | 0.23 | 0.48 | 0.59 | 0.78 | 0.32 | 1.38 |
| EV/FCF Ratio | 9.28 | |||||
| Debt / Equity Ratio | 1.10 | 0.92 | 2.21 | 0.29 | 0.10 | 0.11 |
| Debt / FCF Ratio | 0.33 | |||||
| Net Debt / Equity Ratio | -0.18 | -0.30 | 1.08 | -0.45 | -0.70 | -0.91 |
| Net Debt / EBITDA Ratio | 0.26 | 0.65 | -0.28 | 0.47 | 1.68 | 3.15 |
| Net Debt / FCF Ratio | 0.33 | 0.66 | -0.31 | 0.63 | 1.24 | -2.65 |
| Asset Turnover | 1.75 | 1.81 | 1.53 | 1.35 | 1.25 | 1.41 |
| Inventory Turnover | 3.63 | 3.58 | 2.81 | 2.93 | 3.47 | 4.66 |
| Quick Ratio | 0.89 | 1.18 | 0.65 | 1.29 | 1.90 | 2.65 |
| Current Ratio | 1.82 | 1.91 | 1.42 | 2.12 | 2.87 | 3.34 |
| Return on Equity (ROE) | -73.15% | -126.43% | -153.37% | -71.54% | -37.24% | -25.70% |
| Return on Assets (ROA) | -5.90% | -5.51% | -16.32% | -16.30% | -10.36% | -12.28% |
| Return on Capital Employed (ROCE) | -19.70% | -16.10% | -66.00% | -46.60% | -25.30% | -20.90% |
| Earnings Yield | -28.51% | -22.06% | -32.07% | -20.96% | -23.48% | -5.39% |
| FCF Yield | -15.70% | -11.23% | -26.27% | -15.01% | -30.51% | 8.26% |
| Buyback Yield / Dilution | -3.35% | -3.01% | -1.93% | -1.19% | -3.35% | -11.41% |